Income Requirements

Know Your Income Requirements.

If a Salary or Hourly Paid Employee

Letter of Employment (LOE) – Letter must be dated within the last 30 days, typed on company letterhead and signed by someone of authority. Letter confirms name of employee, salary or hourly wage, length of employment (confirming no probation), position, and prospect for continued employment.

Recent Pay Stubs – Provide your most recent pay stub (dated within 30 days), must show income deductions and year to date income earned. If you receive Overtime, bonus, or shift differential, we will need your 2 year average of income, based on your previous 2 years of income.

If a Business or Self Applicant

Last 2 years of Notice of Assessment (NOA) indicating that no income tax is owed to Revenue Canada.

We also require evidence of at least two years self-employment by one of the following:

Apply For a Mortgage

As one of the Canada's most established mortgage brokerage network, we're dedicated to providing you with all the information you need to make a well informed decision on your mortgage financing needs.